Investments
Cameron Barney advises the shareholders of Saaspoint on the sale of the company to Appirio
December 2011
Cameron Barney LLP is pleased to announce that it acted as exclusive financial adviser to the shareholders of Saaspoint Ltd (“Saaspoint” ) in the sale of the Company to Appirio Inc of San Mateo California for a combination of cash and Appirio stock.
Saaspoint, which was established in 2005, is one of Europe’s leading developers and integrators of cloud computing solutions for enterprises. Saaspoint has executed over 1,100 SaaS projects for Amazon, Google, Heroku and salesforce.com for more than 100 customers including British Gas, Citylink, Paypal, Pfizer, Proctor & Gamble and Rentokil. Saaspoint’s shareholders included its founders, employees, salesforce.com and Enterprise Ireland.
As a result of this acquisition Appirio, which is one of the largest independent integrators of cloud computing solutions, has established a strong base for its European expansion.
“In Cameron Barney we had extremely experienced advisers prepared to engage with an entrepreneurial business. The partners’ experience as executives, investors and advisers enabled us to prepare effectively to sell the company, structure the transaction and more easily manage and address our own investors’ requirements.”
“Cameron Barney is delighted to have helped Saaspoint’s shareholders achieve a successful transaction with Appirio. This transaction was notable for the ability of both sides to complete it in a timely manner in order to minimize any uncertainty for Saaspoint employees.”
“The acquisition of Saaspoint is a central pillar in our European strategy and having a swift and smooth transaction was extremely important to us.”
